08:15 AM EDT, 05/17/2024 (MT Newswires) -- Goldman Sachs ( GS ) is moving into lending market for private-equity and asset managers, Reuters reported Friday, quoting an executive at the investment bank.

Goldman Sachs ( GS ) last year acquired $15 billion of loans up for auction after the failure of Signature Bank.

Maheshwar Saireddy, Goldman's global head of of mortgage and structured products, reportedly told Reuters that the company plans to expand its asset-backed private equity lending business to Europe, the UK, and Asia.

Goldman Sachs ( GS ) did not immediately reply to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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